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In the Simple Keynesian Model,equilibrium Aggregate Output Is Determined by

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In the simple Keynesian model,equilibrium aggregate output is determined by

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Definitions:

Normal Accident

A concept suggesting that in complex systems, accidents are inevitable due to the intricate and tightly coupled nature of their components.

Technological Limitations

The constraints or boundaries imposed by current technology on what can be achieved or produced.

Ulterior Motives

Hidden or secret reasons behind an individual's actions or behavior, often differing from the reasons that are openly stated or observed.

Big Corporations

Large, often multinational companies with substantial market power, vast resources, and significant impact on the economy and society.

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